RSE Report: 725 and counting

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RSE Market report:

Local beverage-maker BRALIRWA continues to make use of market factors to its advantage to register unparalleled growth in share value in a run dating back to last year

On Wednesday, BRALIRWA share price hit a new high of Rwf 725 per share, Rwf 10 better than the previous mark.

To put this into perspective, BRALIRWA stock is more than four times more valuable than its nearest competitor at the Rwanda Stock Exchange, Bank of Kigali (BK), which sits at Rwf 180 per share as of this Wednesday.

The RSE share index (RSI) also underwent a boost of sorts, rising 2.02 points to close at 194.12, mainly pushed by the rising BRALIRWA share price.

The total turnover for the day was Rwf 25,215,100 from 84,900 BK shares and 13,800 BRALIRWA shares traded in 13 deals. The previous trading session had recorded a turnover of Rwf 11,364,100 from 1,600 BK shares and 15,500 BRALIRWA shares traded in seven deals.

Kenya Commercial Bank (KCB) and Nation Media Group (NMG) remained in a state of dormancy, having last transacted at Rwf 169 and Rwf 1,200 respectively.

At the end of formal trading hours, there were outstanding bids of 8,000,100 BK shares at Rwf 171-172 and outstanding offers of 5,005,200 shares at Rwf 180-181.

On the BRALIRWA counter, no outstanding offer met outstanding bids of 55,800 shares between Rwf 700 and Rwf 722.

 

Listed Companies Share Price (Rwf)
BRALIRWA 725
Bank of Kigali (BK) 180
Nation Media Group (NMG) 169
Kenya Commercial Bank (KCB) 1,200

 

 

 

 

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About the author

Fabrice Ndaka is a Working Partner and Contributor to RwandaEye. A post-graduate from Oxford University (Said Business School), he is a financial consultant. Fabrice also contributes articles to Financial Magazines in Europe and Africa.

More posts by | Visit the site of Fabrice

 

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